not realize that "gross" numbers sometimes are not as gross as localized numbers...
or
that the RE foreclosures are quite different in other places.
What was once just the sand states, has now impacted many other parts of the country.
Some not much at all, and others dramatically.
“What we’re really seeing is the effect of lenders slowing down the initial notices of default
while they are processing what’s already in the pipeline.”
“The housing market is still in critical condition but is stable.”
This quote from RealyTrac tells U.S. that not only is it not over
but we are seeing VERY different factors driving the numbers.
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U.S. Home Seizures Reach Record as Recovery Delayed
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WA State foreclosure activity up in April 40% over March
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Hawaii foreclosure filings soar 115% in April
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Hawaii foreclosures way up again
April's figure 1474 was the highest this year, after the count reached 1,534 in December...,
more than double the 684 recorded in the same month last year.
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Colo. new foreclosure filings up in first quarter
The number of completed foreclosures was up too.
There were 6,686 first-quarter foreclosure sales at auction, up almost 54 percent from last year and up 13 percent from 2008
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St. Louis-area foreclosures surge in April. Why?
up 12.6 percent from March and 20.6 percent from April of 2009
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Ill. foreclosure filings jump 38% from 2009
The number of homes hit with foreclosure filings in Illinois spiked 38.3 percent in April from a year earlier and 32.9 percent from March,
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